Stock up on polygons before they reach all-time highs. There is a massive bear market taking over the crypto industry, and let me tell you now that a bear market brings amazing opportunities for buyers that are eyeing long-term gains. You can get game-changing tokens at discounted rates and enjoy the benefits. It is for the investors to find the diamond amongst the dust, and that is what keeps experts in the industry ahead of the game. This is why some of us make a profit even during a bear market, while others tend to struggle even when the market is rising. Today I have brought an amazing coin for you, and let me tell you that at this point, loading up this coin can be an awesome move before it smashes all-time high.
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Well, it is the one and only Polygon aka. MATIC, and yes, this is the one that has the potential to be the next star of the show that will be unfolding after this bear market passes. This is why stacking up good tokens at a discounted rate can always prove to be an amazing strategy in times of crisis and downfall. To understand why I’m crazy about polygons and why I think this could be the one that you should look out for, we need to understand what a Polygon is and how it works.
You will be surprised to know that Polygon, which was previously known as Matic Network, is the first easy-to-use platform for Ethereum scaling and infrastructure development. It was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihalo Bjelic. Their goal is to make Ethereum a full-fledged multi-chain system.
If you track the record of Ethereum in the last couple of years, then you must have noticed that ETH has become the second biggest cryptocurrency by market capitalization and the leader in decentralized finance. And let me tell you this: it became the leader of DeFi due to its compatibility with small contracts, which makes building decentralized applications like a walk in the garden.
However, Ethereum’s growing popularity has also made the blockchain hard to use amid rising gas fees and excessive traffic that, in addition to low throughput and no sovereignty, has led to the creation of Polygon. Polygon’s creators were able to combine all existing Ethereum tools with much faster and cheaper transactions, making it a one-of-a-kind protocol and the apple of investors’ eyes.
If we dive a little deep into the features of Polygon, you will understand how it can become a game changer in the coming future. First things first, it is able to carry out fast, cheap, and safe transactions on Polygon side chains that are finalized on the Ethereum main chain. The second thing that appeals to me is the high throughput and multi-chain transactions, along with a smooth user experience, avoiding any cluttered glitches. Apart from this, the goodness is not limited to itself; Polygon also offers public side chains that support a number of protocols under its umbrella.
Not only are the features they currently have appealing, but also their scaling solution is something that is really fascinating when compared with others. Polygon has so far released four scaling solutions.
- Poly POS: this is nothing but a Layer 2 scaling solution that achieves great transaction speed and cost savings at the same time.
- Next is Polygon Hermes, which is again a Layer 2 construction on top of Ethereum that solves its scalability issues.
- Then there’s Polygon Edge, which allows users to run their own blockchain network with customizable features.
- Finally, we have the Polygon Nightfall, which is a unique privacy-focused scalable transaction solution.
Apart from these solutions, three other solutions are also in development. That includes:
- Polygon Avail, which aims at targeting off-chain scaling solutions and standalone chains.
- Then we will be having Polygon Miden, which is a Layer 2 scaling solution for Ethereum and relies on zero knowledge technology to merge thousands of Layer 2 transactions into one single ETH transaction, increasing throughput and decreasing transaction fees. That is really astonishing.
- Finally, we will be having Polygon Zero. That is again a layer tool scaling solution for Ethereum that separates Polygon Zero from other zero-knowledge-scaled solutions.
Moreover, the Polygon protocol is not like any other token currently available on the market. The enterprise chain has been planned. Since the launch of Polygon, it has allowed users to develop nearly twenty thousand dApps that attracted over 130 million unique users, experienced over 3 million daily transactions, and hosted over 3.4 billion transactions. The numbers definitely speak volumes in themselves. Polygon’s native cryptocurrency, known as MATIC, is an ERC20 token running on the ethereum network. The MATIC crypto is used to pay fees on the Polygon Network and for staking and governance. If we talk about the technical details, there are a maximum of 10 billion MATIC tokens that can be released at the point of writing. Out of that 10 billion, over 4.8 billion are in circulation with a market capitalization of 3.5 billion dollars and is ranked as the 18th biggest token.
Only the numbers did not define the price, it is what they are doing around it that also matters. They have already announced that they would be going carbon negative in 2022, which is a 20 million dollar pledge to tackle climate change. By joining the green movement, Polygon is not only aiding the battle against climate change but also has the potential to change the attention of investors who value the environment, thus building the case for a bullish trend for Polygon.
Apart from all this, Polygon has done another recent project and that was its partnership with Adidas Originals and Prada, which is a first-of-a-kind open-metaverse and user-generated NFT project built on this network itself.
To sum it all up, these pointers are all pointing in the same direction, and now you know what it is and why the title of this article reads Load Up on POLYGON before it smashes all time HIGHS. That’s all from my end as well.
[This article is a transcription of a video made by Crypto Diary]
Original video: https://youtu.be/Bh4wCMRaxC0 ]